October 24, 2024

Workers

CNN -  Around 33,000 workers at Boeing will remain on the picket line after union members rejected an offer from the company in a vote on Wednesday. The membership of the International Association of Machinists voted 64% against the deal. While that was less than the 95% that rejected an earlier offer, it left the vote far short of the simple majority needed to end the strike. Many members are refusing Boeing's offer until it guarantees the return of traditional pension plans. Membership narrowly gave up the pension in 2014 after the company threatened to build the 737 Max and 777X at non-union facilities. Financial analysts say Boeing urgently needs a deal: According to an estimate from Standard & Poor's, the strike is costing the company $1 billion a month on top of its ongoing losses.

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